Malaga Cove Capital LLC Has $994,000 Holdings in Vail Resorts, Inc. (MTN)

Malaga Cove Capital LLC grew its position in Vail Resorts, Inc. (NYSE:MTN) by 65.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,573 shares of the company’s stock after acquiring an additional 1,814 shares during the period. Malaga Cove Capital LLC’s holdings in Vail Resorts were worth $994,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MTN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Vail Resorts by 4.8% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,192 shares of the company’s stock worth $259,000 after acquiring an additional 55 shares during the last quarter. Appleton Partners Inc. MA boosted its stake in Vail Resorts by 1.4% during the fourth quarter. Appleton Partners Inc. MA now owns 4,661 shares of the company’s stock worth $983,000 after acquiring an additional 64 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Vail Resorts by 6.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,319 shares of the company’s stock worth $278,000 after acquiring an additional 80 shares in the last quarter. Cadinha & Co. LLC boosted its stake in Vail Resorts by 6.7% during the fourth quarter. Cadinha & Co. LLC now owns 1,435 shares of the company’s stock worth $303,000 after acquiring an additional 90 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its stake in Vail Resorts by 100.0% during the fourth quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. 96.75% of the stock is owned by institutional investors and hedge funds.

In other news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $216.47, for a total transaction of $216,470.00. Following the completion of the transaction, the director now directly owns 8,372 shares in the company, valued at approximately $1,812,286.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David T. Shapiro sold 5,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total value of $1,134,165.12. Following the transaction, the executive vice president now owns 4,573 shares of the company’s stock, valued at $976,381.23. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. SunTrust Banks assumed coverage on shares of Vail Resorts in a research report on Friday, April 26th. They set a “buy” rating and a $242.00 price target for the company. Macquarie lowered shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 target price for the company. in a research report on Thursday, April 4th. Deutsche Bank reiterated a “buy” rating and set a $267.00 target price on shares of Vail Resorts in a research report on Monday, April 29th. Finally, KeyCorp raised their price objective on shares of Vail Resorts from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $260.66.

NYSE:MTN opened at $231.64 on Friday. Vail Resorts, Inc. has a twelve month low of $179.60 and a twelve month high of $302.76. The firm has a market capitalization of $9.24 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.19 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The firm had revenue of $849.60 million during the quarter, compared to analyst estimates of $841.76 million. During the same quarter in the previous year, the firm earned $4.12 EPS. Vail Resorts’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, analysts predict that Vail Resorts, Inc. will post 6.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, March 27th were paid a dividend of $1.76 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This is an increase from Vail Resorts’s previous quarterly dividend of $1.47. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.04%. Vail Resorts’s payout ratio is 111.92%.

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Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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